Kate Campbell October 21, 2020 Adore Beauty, an Australian e-commerce business, is set to list on the Australian Securities Exchange (ASX) on Friday under the stock code ABY. October 24, 2020 — 10.30am. Has The Adore Beauty IPO Got You Thinking About Investing For The First Time? 1:07PM October 2, 2020; Comments; Share this article. Australian online cosmetics retailer Adore Beauty Group has been advised on what was the largest initial public offering on the ASX to date in 2020. Adore Beauty is an Australian e-commerce business and is the official stockist of over 230 leading beauty brands. The firms are expected to help prepare Adore Beauty for an initial public offering, while its board and majority shareholder Quadrant Private Equity consider their options. She borrowed $12,000 from her boyfriend’s parents, and set about building a disruptive new shopping experience that would empower beauty consumers. Adore Beauty to raise $269.5m for IPO Bridget Carter. Adore Beauty's float was funded by a $269.5 million initial public offering (IPO), which saw investors subscribe for ABY shares at $6.75 a pop; The consumer discretionary stock was buoyed by further success after listing today, at one point trading for over $7.40 per share; Heading into the weekend, Adore shares are worth $6.92 each July 30, 2020 / IPO Watch From the AFR article : “Adore Beauty's board formally mandated all three firms on Wednesday, after interviewing a handful of investment banks for the role in the past few weeks. Log in, register or subscribe to save articles for later. In addition to this, a $1.5mil buy order was fulfilled … Kelly Kovack. Posted by Georgina Caldwell | Sep 30, 2020 | Asia & Australasia, Finance, Technology | THE WHAT? In 2019, Quadrant Equity acquired 60 percent of the online retailer. Dental Start-Up Tend Raises $37 Million Series B. That’s why we’re Australia’s leading online shopping destination for G+T advised Adore Beauty on its successful IPO and ASX listing. Adore Beauty has launched a prospectus to list on the Australian Stock Exchange, seeking to raise A$269.5 million through an IPO. Women dip into market for Adore Beauty's listing. Kate Morris, who founded the company, is the first female to lead an IPO launch in Australia; majority of Adore Beauty workforce is female-led. Bridget Carter. This is a 15.5% decline from its listing price. The Adore Beauty IPO marks the first IPO of its size to be brought to the ASX by a female founder, Kate Morris, that is also led by a female EO, Tennealle OShannessy. Adore Beauty was owned by co-founders Kate Morris and James Height and the Quadrant Growth Fund. Adore Beauty launched its IPO on Australian Securities Exchange (ASX) this Friday; the eCommerce retailer was expected to raise more than A$250 million. 0. Adore Beauty is asking investors to take up 39.9 million shares on offer at $6.75 a share to raise $269.5 million (including $40 million in new shares). It doesn’t matter where you live – with us, you’ll have access to over 200+ cosmetics brands and more than 11,000 beauty care products. The IPO also included an ‘employee gift offer’, which allowed eligible Adore Beauty employees to acquire about $1,000 worth of shares at no cost. Quadrant Private Equity is planning to list online shopping platform Adore Beauty, and the deal is expected to be Australia’s biggest retail IPO in five years, according to a report published by Reuters. At the close of play on Friday, its shares were fetching $5.70. Adore Beauty raised $269.5 million from its IPO, giving it a market capitalisation of $635.3 million. 23 October 2020 Following what Wilson Asset Management dubbed as "one of the year's hottest IPOs", Adore Beauty (ASX: ABY) has today landed on the ASX, witnessing a modest rise in its share price. The IPO is the largest to list on the ASX in 2020 to date. Adore Beauty was owned by co-founders Kate Morris and James Height and the Quadrant Growth Fund. Forget what just happened. If successful, the IPO will value the company at $614.8 million and give it a market value on listing of $635.3 million. “It was an important thing for us. The offer values the company at $614.8 million, and will be based on an offer price of $6.75 per share and feature the ASX code ABY. Adore Beauty has today launched a prospectus with the Australian Securities and Investments Commission to list on the Australian Securities Exchange, and is looking to raise $269.5 million through an IPO. In Finance, Retail 1. By Cara Waters. Adore Beauty signs Morgan Stanley, UBS and, Shaw and Partners in prep for IPO. Adore Beauty co-founders Kate Morris and James Height are set to enjoy a $92 million payday when the online beauty retailer they started in the … Recent Posts. Adore co-founder Kate Morris has built the start-up to revenue of $121 million. Adore Beauty Group Limited ACN 636 138 988 Joint Lead Managers Financial Adviser. As revealed by Street Talk, a beauty parade for the online-only cosmetics retailer was launched this month with at least three banks seeking to snare the chunky IPO mandate. Adore Beauty is dedicated to delivering you the best curation of must-have beauty products in Australia. Adore Beauty has also reportedly set its sights on an IPO in the not-too-distant future. The offer values the online retailer at $614.8 million, and will be based on an offer price of $6.75 per share and feature the ASX code ABY. Sources said the mooted IPO was still at a preliminary stage, and the company had yet to lock in either a timetable or valuation. By Kelly Kovack. The Adore Beauty IPO. Important Notices OFFER The Offer contained in this Prospectus is an invitation for you to apply for fully paid ordinary shares (Shares) in Adore Beauty Group Limited (ACN 636 138 988) (Adore Beauty or Company). However, since then, the Adore Beauty share price has given back these gains and more. On its first day of trading, Adore Beauty shares gained as much as 10% in intraday trading from the IPO price of $6.75, reaching $7.42 per share. DataRoom Editor @BridgetCarterb. Adore Beauty Founder Kate Morris started her venture in a garage, about 20 years ago. Surprisingly, despite upgrading its guidance this morning, the Adore Beauty share price is still trading well below its IPO listing price of $6.75. The IPO is the largest to list on the ASX in 2020 to date. ABB recently released after their IPO into the ASX, with a 100% increase (from IPO of $1) to ~$2 as of 20/10/2020. Adore Beauty advised on $270m IPO. Adore Beauty IPO set to raise A$250 million. “Well this has been one hell of a lockdown project!” Kate Morris, Co-Founder and Executive Director of Adore Beauty, wrote on LinkedIn. It was founded in 1999 in Kate Morris’ garage and has since grown to be Australia’s largest pureplay online beauty retailer. Save. The Adore Beauty share price has since dropped back from there and is currently fetching $7.00, which is up 3.7% from its IPO price of $6.75. Posted November 4, 2020. It was founded in 1999 in Kate Morris’ garage and has since grown to be Australia’s largest pureplay online beauty retailer. If you’ve been following the talk of the town for the last few weeks, you’ll know that Adore Beauty is set to list on the Australian Securities Exchange (ASX) on Friday, under the stock code ABY. With the IPO, the firm is expected to hold approximately 32,.5 percent of the shares. In early 2000, at the tender age of 21, beauty junkie Kate Morris decided to start Adore Beauty from her garage in Melbourne. G+T advised online beauty and personal care retailer, Adore Beauty on its successful IPO and ASX listing. By David Simmons. A university job on cosmetics counters led Kate to realise that most women found department stores intimidating. By Reporter | 28 October 2020. Australian Online Beauty Retailer Adore Raises $192 Million in IPO . Adore Beauty … Australian buyout group Quadrant Private Equity has launched the process for listing its majority-owned online cosmetics shop, Adore Beauty, two sources said on Monday. Adore Beauty in the eye of the shareholder, IPO beats expectations. If successful, Adore Beauty would have the largest IPO in Australia so far in 2020. 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